Affiliate marketing is my #1 strategy for building passive income.
Essentially you receive a commission for promoting a product or service when a sale is made through your unique affiliate link.
You do not need inventory, expensive infrastructure, customer services, shipping or customer returns facility.
It is therefore easy to start though time is required to generate significant passive income.
To find affiliate programs, type your niche plus ‘affiliate programs’ into Google search. You will find affiliate programs to choose from.
Unlike affiliate programs like Amazon that pay you each time a sale is made through your link…
… the best programs to build passive income are those that pay recurring monthly commissions.
These are the true passive income generators.
They are usually software products with a monthly subscription pricing model.
You receive a monthly commission as long as the subscription is active.
My favourite affiliate program is ClickFunnels.
I won the Dream Car Contest this year.
You can earn up to 40% monthly commission for promoting the software and numerous other products.
That means that you receive $38.80 monthly for each person that signs up to the starter $97/month ClickFunnels plan.
This rises to $118.80/mo commission for each person on the Platinum $297/mo plan.
Here is a full list of other affiliate programs that pay recurring commissions.